JimVanMeerten (56.72)

Allegiant Travel

0

The Chart of the Day belongs to Allegiant Travel (ALGT). I found the stock using Barchart to sort today's All Time High list for the stocks having the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/28 the stock gained 24.36%.

Las Vegas-based ALLEGIANT TRAVEL COMPANY , is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Nev., Phoenix, Ariz., Fort Lauderdale, Fla., Orlando, Fla. and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, LLC, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

100% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages13 new highs and up 17.75% in the last monthRelative Strength Index 73.43%Barchart computes a technical support level at 149.80Recently traded at 160.74 with a 50 day moving average of 141.40

Fundamental factors:

Market Cap $2.87 billionP/E 28.99Revenue expected to grow 13.80% this year and another 9.30% next yearEarnings estimated to increase 27.20% this year, an additional 55.10% next year and continue to compound at an annual rate of 20.35% for the next 5 yearsWall Street analysts issued 3 strong buy, 3 buy, 6 hold and 2 under perform recommendations on the stock

The 50-100 Day MACD Oscillator has been a very good technical trading strategy on this stock and should be used to determine entry and exit points on this stock.